Non-commercial Limited Recourse Borrowing Arrangements Scrutinised by ATO
Non-arm’s length income (NALI) and limited recourse borrowing arrangements (LRBAs) The ATO has released ATOID 2014/39 and ATOID 2014/40 which set out the ATO’s view that the NALI (non-arm’s length income) provision applies to the non-commercial LRBAs involving related parties. The Australian Tax Office advised that these ATOIDs should not be seen as concluding that all related-party LRBAs […]
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